ABC
Australia essentially did it during COVID. The world’s richest man thinks it’s inevitable. And a growing body of research suggests it could be the answer to AI shattering long-held high rates of employment.
A Universal Basic Income, or UBI, is a regular, obligation-free payment to everyone. There are different models, but those key elements endure in research studies and pilot projects around the world.
“Creating a base that everyone can access without any barriers is really important for a world where things are changing really rapidly,” says Ben Spies-Butcher, “and where the kinds of risks people are exposed to are changing as well”.
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